Storebrand ASA (STB) - Net Assets
Based on the latest financial reports, Storebrand ASA (STB) has net assets worth Nkr31.23 Billion NOK (≈ $3.29 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr1.02 Trillion ≈ $107.27 Billion USD) and total liabilities (Nkr988.14 Billion ≈ $103.98 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of Storebrand ASA to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr31.23 Billion |
| % of Total Assets | 3.06% |
| Annual Growth Rate | 4.75% |
| 5-Year Change | -10.6% |
| 10-Year Change | 19.17% |
| Growth Volatility | 26.32 |
Storebrand ASA - Net Assets Trend (2000–2024)
This chart illustrates how Storebrand ASA's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see STB market cap.
Annual Net Assets for Storebrand ASA (2000–2024)
The table below shows the annual net assets of Storebrand ASA from 2000 to 2024. Read STB liabilities breakdown for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr32.11 Billion ≈ $3.38 Billion |
+8.75% |
| 2023-12-31 | Nkr29.53 Billion ≈ $3.11 Billion |
+0.04% |
| 2022-12-31 | Nkr29.52 Billion ≈ $3.11 Billion |
-21.72% |
| 2021-12-31 | Nkr37.71 Billion ≈ $3.97 Billion |
+4.97% |
| 2020-12-31 | Nkr35.92 Billion ≈ $3.78 Billion |
+7.56% |
| 2019-12-31 | Nkr33.40 Billion ≈ $3.51 Billion |
+1.60% |
| 2018-12-31 | Nkr32.87 Billion ≈ $3.46 Billion |
+6.62% |
| 2017-12-31 | Nkr30.83 Billion ≈ $3.24 Billion |
+11.56% |
| 2016-12-31 | Nkr27.64 Billion ≈ $2.91 Billion |
+2.56% |
| 2015-12-31 | Nkr26.95 Billion ≈ $2.84 Billion |
+8.92% |
| 2014-12-31 | Nkr24.74 Billion ≈ $2.60 Billion |
+9.89% |
| 2013-12-31 | Nkr22.51 Billion ≈ $2.37 Billion |
+12.93% |
| 2012-12-31 | Nkr19.93 Billion ≈ $2.10 Billion |
+6.17% |
| 2011-12-31 | Nkr18.78 Billion ≈ $1.98 Billion |
+1.95% |
| 2010-12-31 | Nkr18.42 Billion ≈ $1.94 Billion |
+6.97% |
| 2009-12-31 | Nkr17.22 Billion ≈ $1.81 Billion |
+6.55% |
| 2008-12-31 | Nkr16.16 Billion ≈ $1.70 Billion |
-16.02% |
| 2007-12-31 | Nkr19.24 Billion ≈ $2.02 Billion |
+116.19% |
| 2006-12-31 | Nkr8.90 Billion ≈ $936.52 Million |
-4.41% |
| 2005-12-31 | Nkr9.31 Billion ≈ $979.72 Million |
-29.33% |
| 2004-12-31 | Nkr13.18 Billion ≈ $1.39 Billion |
+40.22% |
| 2003-12-31 | Nkr9.40 Billion ≈ $988.73 Million |
+10.08% |
| 2002-12-31 | Nkr8.54 Billion ≈ $898.19 Million |
-11.24% |
| 2001-12-31 | Nkr9.62 Billion ≈ $1.01 Billion |
-8.80% |
| 2000-12-31 | Nkr10.54 Billion ≈ $1.11 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Storebrand ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1834700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr18.35 Billion | 57.86% |
| Common Stock | Nkr2.24 Billion | 7.06% |
| Other Components | Nkr11.12 Billion | 35.08% |
| Total Equity | Nkr31.71 Billion | 100.00% |
Storebrand ASA Competitors by Market Cap
The table below lists competitors of Storebrand ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NKT A/S
CO:NKT
|
$7.55 Billion |
|
General Insurance Corporation of India
NSE:GICRE
|
$7.55 Billion |
|
Mytilineos S.A
AT:MYTIL
|
$7.55 Billion |
|
Camtek Ltd
TA:CAMT
|
$7.56 Billion |
|
The Magnum Ice Cream Company N.V.
AS:MICC
|
$7.53 Billion |
|
LKQ Corporation
NASDAQ:LKQ
|
$7.53 Billion |
|
INPOST S.A UNSP.ADR/1/2
F:6690
|
$7.52 Billion |
|
NISSAN MOTOR SP. ADR/2
F:NISE
|
$7.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Storebrand ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,531,000,000 to 31,712,000,000, a change of 2,181,000,000 (7.4%).
- Net income of 5,523,000,000 contributed positively to equity growth.
- Dividend payments of 1,817,000,000 reduced retained earnings.
- Share repurchases of 65,000,000 reduced equity.
- New share issuances of 65,000,000 increased equity.
- Other factors decreased equity by 1,525,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr5.52 Billion | +17.42% |
| Dividends Paid | Nkr1.82 Billion | -5.73% |
| Share Repurchases | Nkr65.00 Million | -0.2% |
| Share Issuances | Nkr65.00 Million | +0.2% |
| Other Changes | Nkr-1.52 Billion | -4.81% |
| Total Change | Nkr- | 7.39% |
Book Value vs Market Value Analysis
This analysis compares Storebrand ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.31x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.80x to 2.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | Nkr29.11 | Nkr168.80 | x |
| 2002-12-31 | Nkr25.82 | Nkr168.80 | x |
| 2003-12-31 | Nkr28.40 | Nkr168.80 | x |
| 2004-12-31 | Nkr31.74 | Nkr168.80 | x |
| 2005-12-31 | Nkr29.57 | Nkr168.80 | x |
| 2006-12-31 | Nkr30.10 | Nkr168.80 | x |
| 2007-12-31 | Nkr75.53 | Nkr168.80 | x |
| 2008-12-31 | Nkr35.54 | Nkr168.80 | x |
| 2009-12-31 | Nkr38.21 | Nkr168.80 | x |
| 2010-12-31 | Nkr40.91 | Nkr168.80 | x |
| 2011-12-31 | Nkr41.79 | Nkr168.80 | x |
| 2012-12-31 | Nkr44.41 | Nkr168.80 | x |
| 2013-12-31 | Nkr50.16 | Nkr168.80 | x |
| 2014-12-31 | Nkr54.48 | Nkr168.80 | x |
| 2015-12-31 | Nkr59.04 | Nkr168.80 | x |
| 2016-12-31 | Nkr61.54 | Nkr168.80 | x |
| 2017-12-31 | Nkr68.33 | Nkr168.80 | x |
| 2018-12-31 | Nkr70.24 | Nkr168.80 | x |
| 2019-12-31 | Nkr71.44 | Nkr168.80 | x |
| 2020-12-31 | Nkr76.89 | Nkr168.80 | x |
| 2021-12-31 | Nkr80.71 | Nkr168.80 | x |
| 2022-12-31 | Nkr63.59 | Nkr168.80 | x |
| 2023-12-31 | Nkr66.02 | Nkr168.80 | x |
| 2024-12-31 | Nkr73.07 | Nkr168.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Storebrand ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 176.85%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 31.43x
- Recent ROE (17.42%) is above the historical average (7.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -9.90% | -7.45% | 0.08x | 15.83x | Nkr-1.91 Billion |
| 2002 | -10.46% | -6.81% | 0.09x | 17.41x | Nkr-1.75 Billion |
| 2003 | 8.40% | 4.93% | 0.10x | 16.67x | Nkr-149.89 Million |
| 2004 | 22.81% | 8.30% | 0.16x | 17.17x | Nkr1.32 Billion |
| 2005 | 15.59% | 4.71% | 0.15x | 22.18x | Nkr508.55 Million |
| 2006 | 16.84% | 4.78% | 0.14x | 25.07x | Nkr607.67 Million |
| 2007 | 10.57% | 6.01% | 0.09x | 20.10x | Nkr109.18 Million |
| 2008 | -14.04% | -7.52% | 0.08x | 23.56x | Nkr-3.80 Billion |
| 2009 | 5.48% | 1.94% | 0.13x | 21.48x | Nkr-770.30 Million |
| 2010 | 8.11% | 3.07% | 0.12x | 21.40x | Nkr-344.50 Million |
| 2011 | 3.65% | 1.78% | 0.10x | 21.53x | Nkr-1.18 Billion |
| 2012 | 5.07% | 1.92% | 0.12x | 21.18x | Nkr-977.70 Million |
| 2013 | 8.79% | 3.73% | 0.12x | 20.08x | Nkr-271.50 Million |
| 2014 | 8.46% | 3.24% | 0.13x | 20.20x | Nkr-375.40 Million |
| 2015 | 4.49% | 2.84% | 0.08x | 19.73x | Nkr-1.46 Billion |
| 2016 | 7.71% | 3.91% | 0.10x | 18.84x | Nkr-630.30 Million |
| 2017 | 7.76% | 3.96% | 0.11x | 18.51x | Nkr-687.30 Million |
| 2018 | 11.26% | 10.51% | 0.06x | 17.60x | Nkr412.40 Million |
| 2019 | 6.23% | 2.39% | 0.14x | 18.99x | Nkr-1.26 Billion |
| 2020 | 6.56% | 2.93% | 0.11x | 20.26x | Nkr-1.24 Billion |
| 2021 | 8.30% | 2.64% | 0.15x | 20.55x | Nkr-640.90 Million |
| 2022 | 8.05% | 6.11% | 0.05x | 25.98x | Nkr-575.90 Million |
| 2023 | 11.44% | 0.00% | 0.00x | 30.37x | Nkr424.90 Million |
| 2024 | 17.42% | 176.85% | 0.00x | 31.43x | Nkr2.35 Billion |
Industry Comparison
This section compares Storebrand ASA's net assets metrics with peer companies in the Financial Conglomerates industry.
Industry Context
- Industry: Financial Conglomerates
- Average net assets among peers: $944,428,000
- Average return on equity (ROE) among peers: 7.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Storebrand ASA (STB) | Nkr31.23 Billion | -9.90% | 31.64x | $7.54 Billion |
| Romsdal Sparebank (ROMSB) | $944.43 Million | 7.22% | 6.52x | $37.39 Million |
About Storebrand ASA
Storebrand ASA provides insurance products and services in Norway, Sweden, the United Kingdom, Finland, Denmark, Germany, Luxemburg, and Ireland. It operates through four segments: Savings, Insurance, Guaranteed Pensions, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products. The Insurance segment provides personal i… Read more